Shanghai Daily news

Shanghai's second-hand housing prices continued to slow last month, indicating the market is cooling.
The benchmark index for second-hand housing prices rose 1.26 percent to 1,289 points in February, compared with rises of 1.4 percent in January and 1.5 percent in December, the Shanghai Existing Property Index Office reported yesterday.
For the entire year, the office forecast the existing housing prices will slow continuously, after running at a "high level" for more than two years.
"The existing property market is unlikely to see the same active trading this year, as high-flying prices curb demand," said Huang Weiwei, Shanghai Existing Property Index Office secretary general.
The performance of preowned apartments along Rail Transportation Line 1 in Minhang District, surged 4.6 percent last month. Housing prices in the area increased 225 yuan (US$27) in merely a month to 5,200 yuan. The Xinzhuang and Longbai areas saw their prices breach 7,000 and 8,000 yuan per square meter, respectively.
Apartments in Shangnan, Pudong New Area, and Pengpu, Zhabei District,  achieved rises of more than 3 percent.